Interest on non deduction of tds

Share
Share This Thread
  1. Pam

    Pam New Member

    If i have passed entry on 28.02.2013 but tds was not deducted at that time. & now on 20.11.14 i have deducted & deposited that TDS then how should i calculate Interest @1% or 1.5% & what period should be consider for Interest

    Also when i filed revised return of q4 fy 201314, by adding this entry it will show short interest paid ?? (Actual rate @1.5% , Period of Interest from date of trans is feb 13 to deposited date is nov14)
     
  2. Pratik Anand

    Pratik Anand New Member

    Rate of Interest will be 1.5%.
    Period will be from from Feb to Nov (both months included) i.e 10 months.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Tax Deduction on interest on personal loan Income Tax Dec 13, 2017
Interest applicable for late deduction or not u/s194c ? Income Tax Jun 16, 2017
Deduction of housing loan Interest Income Tax Jun 10, 2017
Deduction of interest against loan from F.D. Income Tax Mar 28, 2017
home loan interest deduction from taxable income Income Tax Jan 16, 2017